Paulson: Russia and China plotted an economic meltdown
Blast from the past:
New York Times: Pressured to take more risk, Fannie hit a tipping point
Obama, ACORN (Association of Community Organizations for Reform Now) and the current financial mess
[Links and youtubes by ETL]
Five Million Illegals [had] Illegal Mortgages in U.S.A.!
HUD cries foul over illegal immigrant mortgage data
Oldexpat posted: Whether it is 1m or 5m is irrelevant. No bank should have been giving mortgages to someone who could be deported any day. Makes no sense. All I know is we have a friend foreclosing on almost one house a day in Orange Co. CA.
Rep Paul Kanjorski does seem to be a prime source:
YouTube - Glen Beck Feb.11 2009 ONE | Septmber, 2009
Financial ...Rep Paul Kanjorski: 11 Sep 2008 Electronic Run On the Banks Added to. Quicklist1:24 ... Tom Woods on Glenn Beck “Meltdown” 02/09/2009. 40976 views ...
More about orhestrated meltdown — deep nitty gritty.
In-depth discussion that triggered some memories.
First a detail analysis by Toddsterpatriot:
On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a ....
Did they notice Sep 15, 2008 was a Monday?
Investors were rushing out of these [Treasury and Federal Reserve] funds$105 billion out of $1.8 trillion on Thursday alonewhich in turn caused the funds to redeem their commercial paper investments.
How do you redeem commercial paper?
On Thursday at about 11 oclock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two.
How would the Fed notice people making withdrawal requests from their money market accounts?
Nearly $3 trillion travels thru the Fedwire system every day. How would they even notice?
The Treasury opened up its window to help. It pumped $105 billion in the system
The Treasury doesn’t have a “window”.
The Federal Reserve does. You’d think something this important wouldn’t get confused like that.
and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation,
Close what operation?
close down the money accounts and announce a guarantee of $250,000 per account so there wouldnt be further panic out there.
Who decided to “close down the money accounts”?
The $550 Billion withdrawn in an hour or two that Rep. Kanjorski refers to in his statement has never been independently confirmed or refuted.
Yeah, that’s what I thought.
It’s a story too good to confirm.
62 posted on Friday, April 09, 2010 5:49:12 AM by Toddsterpatriot
“The Federal Reserve does. You’d think something this important wouldn’t get confused like that.”
Interesting point. I’m out of my league here, but as I understand it, banks are given secret membership in the Federal Reserve. There’s a lot of secrecy about it. Based on the way Greenspan propped up Goldeman Sachs, there’s a good guess about an important member.
[Goldman Sachs was heavily invested in China in the late 90s. Paul Weyrich’s America Voice/NET had an expose, Red Chips, that caused Chinese investments to plummet, and Greenspan propped up Sachs.
‘Who decided to “close down the money accounts”?’
Once again, secrecy. Secret control and manipulation by a government run entity, all started by FDR’s banking regulations.
“The $550 Billion withdrawn in an hour or two that Rep. Kanjorski refers to in his statement has never been independently confirmed or refuted.”
He’s not the only one. Paulson talked about it himself. I posted several links about Paulson on this thread. He is convinced that Russia and China orchestrated the meltdown, and the timing is highly suspicious.
If Soros were involved, Obama gave him a payoff with Brazilian oil. Goldman Sachs received payoffs.
Goldman Sachs ...
Under Obama, Crony Capitalism Again Rules the Day
The Great American Bubble Machine how Goldman Sachs has engineered every major market manipulation
‘The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling...
Greece Paid Goldman $300 Million To Help It Hide Its Ballooning Debts
Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe
Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe Joe Weisenthal Feb. 15, 2010, 6:45 AM MIT professor Simon Johnson raises some provocative scenarios in regards to Goldman’s participation in Greece’s scheme to obfuscate its debt levels. In particular, he expects a full audit of the company, and perhaps some kind of ban: If the Federal Reserve were an effective supervisor, it would have the political will sufficient to determine that Goldman Sachs has not been acting in accordance with its banking license. But any meaningful action from this direction seems unlikely. Instead, Goldman will probably...
Ratigan Deconstructs Goldman, Connecticut AG Blumental Wants Criminal Charges Filed
Bi-partisan Effort to Impose Additional Gas Taxes On Strapped Americans